Income Tax : The Budget Session of Parliament began at 11 am on 31 January, 2023. President of India Draupadi Murmu addressed both houses in a ...
Finance : Understand the performance of the Indian Economy with the 2023-24 Economic Survey. Learn about key trends, challenges and policy i...
Finance : Comprehensive economic survey of India 2023-24 - Learn what effects Govt. policies have on economic growth, stability & overall ec...
Finance : Explore Indias socio-economic trends & budget proposals through Economic Survey! Get the complete overview of how policies, reform...
Finance : The Economic Survey for the fiscal 2021-22 was presented in Parliament on 31st January, 2022, the first day of ongoing Budget sess...
Finance : Economic Survey 2024-25 emphasizes deregulation, strategic investments, AI innovation, climate adaptation, and industrial growth t...
Finance : Indias real GDP grew 8.2% in FY24, with projected growth of 6.5-7% for FY25. Retail inflation drops, and capital expenditure surge...
Finance : The invention of the wheel set in motion the necessity of travelable paths, and since then the saga of infrastructure has expanded...
Finance : India’s external sector has been buffeted by shocks and uncertainty manifested in terms of elevated, though now easing global co...
Finance : India’s services sector witnessed a swift rebound in FY22 driven by growth in the contact-intensive services sub-sector, which b...
As investors deciding to invest in an economy care for the country’s GDP growth, uncertainty about its magnitude can affect investment. Therefore, the recent debate about India’s GDP growth rates following the revision in India’s GDP estimation methodology in 2011 assumes significance, especially given the recent slowdown in the growth rate.
The recent approval of strategic disinvestment in Bharat Petroleum Corporation Limited (BPCL) led to an increase in value of shareholders’ equity of BPCL by Rs. 33,000 crore when compared to its peer Hindustan Petroleum Corporation Limited (HPCL)! This reflects an increase in the overall value from anticipated gains from consequent improvements in the efficiency of BPCL when compared to HPCL which will continue to be under Government control.
Following payment defaults by subsidiaries of Infrastructure Leasing and Financing Services and by Dewan Housing Finance Limited, investors in Liquid Debt Mutual Funds (LDMFs) ran collectively to redeem their investments.
In 2019, India completed the 50th anniversary of bank nationalization. It is, therefore, apt to celebrate the accomplishments of the 3,89,956 officers, 2,95,380 clerks, and 1,21,647 sub-staff who work in Public Sector Banks (PSBs). At the same time, an objective assessment of PSBs is apposite.
Ease of doing business is key to entrepreneurship, innovation and wealth creation. India has risen significantly in the World Bank’s Doing Business rankings in recent years, but there are categories where it lags behind – Starting a Business, Registering Property, Paying Taxes and Enforcing Contracts. This chapter focuses on these parameters and compares India’s performance with both its peers and with the best-in-class.
The current environment for international trade presents India an unprecedented opportunity to chart a China-like, labour-intensive, export trajectory and thereby create unparalleled job opportunities for our burgeoning youth. By integrating ‘Assemble in India for the world’ into Make in India, India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030.
Every moment one should learn, from every bit one should earn. If you waste a second you can’t get knowledge and if you waste a bit u can’t get money. Government intervention, sometimes though well intended, often ends up undermining the ability of the markets to support wealth creation and leads to outcomes opposite to […]
India’s aspiration to become a $5 trillion economy depends critically on promoting ‘pro-business’ policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from ‘pro-crony’ policy that may favour specific private interests, especially powerful incumbents, on the other hand.
The ‘Startup India’ campaign of the Government of India recognizes entrepreneurship as an increasingly important strategy to fuel productivity growth and wealth creation in India. Given this initative, this chapter examines the content and drivers of entrepreneurial activity at the bottom of the administrative pyramid – over 500 districts in India.
For more than three-fourths of known economic history, India has been the dominant economic power globally. Such dominance manifested by design. During much of India’s economic dominance, the economy relied on the invisible hand of the market for wealth creation with the support of the hand of trust. Specifically, the invisible hand of markets, as reflected in openness in economic transactions, was combined with the hand of trust by appealing to ethical and philosophical dimensions.
